Housing costs in Chatham borough?
A typical home costs
$932,600, which is 175.8% more expensive than the national average of
$338,100 and 115.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Chatham borough costs
$2,320 per month, which is 62.2% more than the national average of
$1,430 and 26.3% more than the state average of
$1,710.
Can I afford Chatham borough?
To live comfortably in Chatham borough, New Jersey, a minimum annual income of
$178,560 for a family, and
$77,200 for a single person is recommended.
What does A.I. say about Chatham borough?
The cost of living in Chatham Borough, NJ is relatively high compared to the rest of the country. Housing costs are particularly steep, as a median-priced home can easily exceed $600,000. Similarly, grocery prices are higher than the national average. Other essential goods and services like transportation, entertainment, and dining out are all somewhat more expensive than what one might find in other parts of the country. However, this higher cost of living is offset by the excellent quality of life and numerous amenities available in Chatham Borough. This makes it an attractive place to live for those who can afford it.